1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luden [163]
3 years ago
15

Melissa is a self-employed lawyer who chooses a higher-priced restaurant 2 miles from home over a cheaper restaurant 15 miles fr

om home. Which of the following is the most likely explanation for her behavior?
a.The opportunity cost of her time is very low.
b.She doesn't take travel time into consideration.
c.She doesn't like to cook or doesn't know how.
d.The prices at the more expensive restaurant understate the opportunity cost of eating there.
e.The higher monetary cost of the more expensive restaurant is offset by the higher opportunity cost of the lower-priced restaurant
Business
1 answer:
kiruha [24]3 years ago
4 0

Answer:

Option (E) is correct.

Explanation:

The opportunity cost refers to the benefits that are sacrificed by choosing some other alternative.

In our case, there are two restaurants as follows:

One is 2 miles away from home with higher prices

Second one is 15 miles away from home with lower prices

But Melissa chooses the first one by comparing the opportunity cost associated with each option relative to the other option.

This is because of the higher opportunity cost associated with second restaurant offsets the higher monetary cost of the first restaurant.

You might be interested in
Which are two feature of a bond
xz_007 [3.2K]
D. can be flipped for profit and E. has a maturity date
5 0
3 years ago
Read 2 more answers
The human resource department of Winston Memorial Hospital has played a leading role in helping the hospital become a high-perfo
sesenic [268]

Answer:

Letter b is correct. <em>Making sure employees know how their work contributes to the hospital's mission</em>

Explanation:

Performance management is characterized as a set of techniques and practices that together will help to verify the performance of organizational activities and their effectiveness. Its main function is to ensure that the proposed organizational objectives are met. Employees are a key player in organizational performance, so giving them feedback on their performance is important for communication to be effective and for a sense of staff to increase, and consequently their productivity to increase.

8 0
3 years ago
A fixed asset with a five-year estimated useful life and no scrap value is sold at the end of the second year of its useful life
JulsSmile [24]

Answer:

B) A gain would be less or a loss would be greater using straight-line depreciation.

Explanation:

In straight line method of depreciation there is a fixed amount of depreciation,  and in double declining method the rate is double of straight line method,

Let us take an example,

Cost of asset = $500,000

Selling price at end of 2nd year = $300,000

Straight line depreciation = $100,000 for each year i.e. $500,000/5

Double declining method rate = ($100,000/$500,000) \times 100 \times 2 = 40%

Therefore value at end of second year

Straight line = $500,000 - ($100,000 \times 2 ) = $300,000

Double Declining method = ($500,000 -40%) - 40% = $180,000

In case of sale at $300,000

Profit shall be

Straight line = $300,000 - $300,000 = 0

Double Declining = $300,000 - $180,000 = $120,000

Now, there will be more profit in double declining that is gain is less in straight line and losses would be greater in straight line thus statement B is correct.

8 0
3 years ago
McDonald's "Plan to Win" strategy has added healthy food options to its menu, phased out traditional artery-clogging trans fats,
Anarel [89]
The correct answer will be A
7 0
3 years ago
Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
Volgvan

Answer:

3. Distribution

Explanation:

Distribution refers to making a product available to customers for purchase by transferring it from the source of manufacture to the retailers.  Distribution is one of the essential components of marketing mix.

Channels to distribution are whole sellers, retailers, brokers and middlemen, and direct sales. Distribution entails all activities relating to supply of finished products to customers.

In the given case, Leon's work involves transportation of metal components as well as efficient movement of the finished systems from manufacturing unit to the warehouses and subsequently to distribution trucks. These represent activities of distribution.

7 0
3 years ago
Other questions:
  • _____ is a company's social responsibility to not violate accepted principles of right and wrong when conducting its business.
    9·2 answers
  • The first step in developing a knowledge management system is to:
    14·1 answer
  • Jaybird Company operates in a highly competitive market where the market price for its product is $62 per unit. Jaybird desires
    15·1 answer
  • What is interest?
    9·2 answers
  • What will happen to the governmentâs tax revenues if Song chooses to spend more time pursuing her other passions besides work in
    6·1 answer
  • What should the driver do if he sees a steady yellow x over the lane that he driving in
    8·1 answer
  • Milltown Company specializes in selling used cars. During the month, the dealership sold 31 cars at an average price of $15,900
    10·1 answer
  • Adina deposits $1,000 in the bank. The bank can then use her savings to make _____ to/for _____.
    6·2 answers
  • U.S. exports create a:____.
    11·1 answer
  • Most people would readily agree that the stock market is a. Not semi-strong form efficient b. Strong form efficient c. Semi-stro
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!